Accel just raised another $2 billion to invest into startups — here are the kinds of companies they want to fund

Even with all the talk these days of
investors having short arms and thin wallets,
money from limited partners continues to flow into
venture capital funds. Accel Partners earlier today announced the closing of a pair of U.S.
funds totaling $2 billion.

Accel is creating a $500 million fund for early stage companies
and a $1.5 billion fund for later stage businesses. “We are
excited about what’s ahead. Technology is central to the way
people live and work around the world, evolving the way we
communicate, learn, shop, travel” and more, said Ryan Sweeney,
growth fund manager at Accel.

The 30-plus year old firm has offices in the San Francisco Bay
Area, New York, London and Bangalore. Earlier
this year, the firm described nine areas of focus, each worthy of
fascination and future innovation.